Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

    Ether Futures ETFs Poised For October 3 Approval

    Ether Futures ETFs Poised For October 3 Approval

    Crypto Analyst Predicts 1160% Surge

    Crypto Analyst Predicts 1160% Surge

    XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle

    XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle

    4-Month Chart Dynamics Decoded By Crypto Analyst

    4-Month Chart Dynamics Decoded By Crypto Analyst

    Upcoming Optimism Unlock Threatens To Drag OP Below $1

    Upcoming Optimism Unlock Threatens To Drag OP Below $1

    Will Bullish Momentum Or Bearish Pressure Prevail?

    Will Bullish Momentum Or Bearish Pressure Prevail?

    Chainlink Spikes 10% On Weekly Chart As Market Sees Correction

    Chainlink Spikes 10% On Weekly Chart As Market Sees Correction

    TRX Could Rally To $0.095 and Outperform Bitcoin

    TRX Could Rally To $0.095 and Outperform Bitcoin

  • Play2Earn
    Design a Boss Skin for Boss Fighters

    Design a Boss Skin for Boss Fighters

    Join the Synergy Land Early Access Playtest

    Join the Synergy Land Early Access Playtest

    Use AI to Design in Gabby World Beta

    Use AI to Design in Gabby World Beta

    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

    Zynga Announces Web3 Game Sugartown

    Sugartown Staking, NGMI Alpha Event, and More

    Splinterlands Downsizing Again – Play to Earn

    Splinterlands Downsizing Again – Play to Earn

    Duplicate Cards in Parallel – Play to Earn

    Duplicate Cards in Parallel – Play to Earn

    Legends of the Mara Live on September 26th

    Legends of the Mara Live on September 26th

    Buy Upland NFTs to Help Build Playgrounds

    Buy Upland NFTs to Help Build Playgrounds

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

    Ether Futures ETFs Poised For October 3 Approval

    Ether Futures ETFs Poised For October 3 Approval

    Crypto Analyst Predicts 1160% Surge

    Crypto Analyst Predicts 1160% Surge

    XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle

    XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle

    4-Month Chart Dynamics Decoded By Crypto Analyst

    4-Month Chart Dynamics Decoded By Crypto Analyst

    Upcoming Optimism Unlock Threatens To Drag OP Below $1

    Upcoming Optimism Unlock Threatens To Drag OP Below $1

    Will Bullish Momentum Or Bearish Pressure Prevail?

    Will Bullish Momentum Or Bearish Pressure Prevail?

    Chainlink Spikes 10% On Weekly Chart As Market Sees Correction

    Chainlink Spikes 10% On Weekly Chart As Market Sees Correction

    TRX Could Rally To $0.095 and Outperform Bitcoin

    TRX Could Rally To $0.095 and Outperform Bitcoin

  • Play2Earn
    Design a Boss Skin for Boss Fighters

    Design a Boss Skin for Boss Fighters

    Join the Synergy Land Early Access Playtest

    Join the Synergy Land Early Access Playtest

    Use AI to Design in Gabby World Beta

    Use AI to Design in Gabby World Beta

    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

    Zynga Announces Web3 Game Sugartown

    Sugartown Staking, NGMI Alpha Event, and More

    Splinterlands Downsizing Again – Play to Earn

    Splinterlands Downsizing Again – Play to Earn

    Duplicate Cards in Parallel – Play to Earn

    Duplicate Cards in Parallel – Play to Earn

    Legends of the Mara Live on September 26th

    Legends of the Mara Live on September 26th

    Buy Upland NFTs to Help Build Playgrounds

    Buy Upland NFTs to Help Build Playgrounds

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
No Result
View All Result

Tezos: Is the threat of another round of selling pressure real

2021-09-29
in Altcoins
0
Tezos: Is the threat of another round of selling pressure real
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Disclaimer: The findings of the next evaluation are the only real opinions of the author and shouldn’t be taken as funding recommendation

Regardless that promoting strain has been fixed by way of September, XTZ has revered the boundaries of its decrease trendline. Decrease highs at $3.2, $3.9, and $4.4 allowed the value to climb to increased ranges whereas sustaining a bullish outlook.

Nevertheless, the formation of a descending triangle offered dangers over the brief time period. One other sell-off might be anticipated to shift XTZ to the assist vary of $5.56-5.

Tezos Hourly Chart

Supply: XTZ/USD, TradingView

The previous couple of days have seen XTZ retrace by over 20% following a powerful rally to $7.5 from the $4.46-support degree. As the value took form inside a descending triangle, an extra decline might be anticipated in direction of $5.56. In case the aforementioned assist succumbs to promoting strain, bullish merchants may have an opportunity to lap up XTZ on the psychological $5-mark.

You might also like

What’s Making VeChain (VET) Price Skyrocket Over 12%?

Hedera Records Massive Jump In TVL

Whales Arrived Just In Time For LTC Next Rally?

Nevertheless, an in depth under $5 would severely injury XTZ’s bullish construction. Not solely would XTZ drop under its growing worth space of $5-$7, however the decrease trendline would additionally flip to bearish. Brief promoting could be the most effective technique on this state of affairs.

Reasoning 

Regardless that the Relative Power Index was in restoration mode, it held its bearish territory. From right here, a transfer under 40-35 would invite extra promoting strain. Equally, the Chaikin Cash Stream and Superior Oscillator had been nonetheless under their half-lines regardless of a pickup over the previous couple of hours.

With a purpose to flip the script, these indicators would want to proceed surging above their respective mid-lines.

Conclusion 

XTZ might be anticipated to interrupt south of its bearish sample and decline to the $5.56-$5 vary. Brief-sellers can arrange trades as soon as XTZ closes under $5.9 and exit their positions at $5.56.

Extra alternatives would come to gentle in case XTZ fails to carry on to the $5-mark.

Source link

Tags: pressureRealSellingTezosthreat
Share30Tweet19

Recommended For You

What’s Making VeChain (VET) Price Skyrocket Over 12%?

2023-02-21
0
What’s Making VeChain (VET) Price Skyrocket Over 12%?

The general market has been exhibiting indicators of power as the worth of Bitcoin (BTC) retests the coveted $25K degree, whereas altcoins additionally seem like buying and selling...

Read more

Hedera Records Massive Jump In TVL

2023-02-20
0
Hedera Records Massive Jump In TVL

HBAR Crypto Information: Hedera, which is powered by its personal proprietary Hashgraph expertise, has seen a latest surge in its Complete Worth Locked (TVL), because it at present...

Read more

Whales Arrived Just In Time For LTC Next Rally?

2023-02-20
0
Litecoin (LTC) Gives A Strong Rally Amid Whale Acquisition

Litecoin Information: Amid Bitcoin’s (BTC) six month excessive value and hypothesis for a possible altcoin rally, the crypto market can be going by means of the regulatory hurdles...

Read more

LINK Whales Awake After 8 Months, Rally Ahead?

2023-02-20
0
Chainlink ($LINK) On Verge Of Breakout If This Support Breaks?

Chainlink (LINK) Information: After months of flirting with the native assist space, Chainlink (LINK) lastly seems effectively positioned to interrupt it with the entry of whales. This comes...

Read more

Solana ($SOL) Soars As Helium Sets Migration Date; Here’s More

2023-02-20
0
Solana ($SOL) Soars As Helium Sets Migration Date; Here’s More

Solana Worth: SOL began the week with an enormous value surge. In accordance with knowledge from CoinMarketCap, the altcoin is now up by greater than 10% prior to...

Read more
Next Post
Here’s where Ethereum stands amidst the growing L1, L2 competition

Here's where Ethereum stands amidst the growing L1, L2 competition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

ConsenSys To Launch Linea, Its ZK-Rollup Network, On Main Ethereum Network

ConsenSys To Launch Linea, Its ZK-Rollup Network, On Main Ethereum Network

2023-07-11
Ethereum Staking Reaches $16.16 million ETH Ahead of Shanghai Upgrade

Ethereum Staking Reaches $16.16 million ETH Ahead of Shanghai Upgrade

2023-01-23
Genopets Treasure Hunt for Genesis Habitats

Genopets Treasure Hunt for Genesis Habitats

2022-02-25

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

ABOUT US

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Investment, Market, and more.

Referall

https://bit.ly/2Y2f9sP

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

NEWSLETTER

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 Xarabek - All rights reserved

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
  • Analysis
  • Play2Earn
  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop

© 2021 Xarabek - All rights reserved

  • RelevantRelevant(REL)$0.825.35%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • B20B20(B20)$0.4507925.62%
  • BitballBitball(BTB)$0.0019770.37%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • MoonToolsMoonTools(MOONS)$13.810.00%
  • StacyStacy(STACY)$0.0007100.00%
  • Lunch MoneyLunch Money(LMY)$0.0004180.00%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%